TXXD vs. BTCL

Last updated Jun 25, 2026

TXXD (21Shares 2x Long Dogecoin ETF) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. TXXD charges 1.89%/yr vs 0.95%/yr for BTCL.

Performance

TXXD vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares 2x Long Dogecoin ETF (TXXD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXXD achieves a -73.66% return, which is significantly lower than BTCL's -61.71% return.

TXXD

• 1D: -12.14%
• 1M: -52.14%
• YTD: -73.66%
• 6M: -78.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCL

• 1D: -8.15%
• 1M: -39.74%
• YTD: -61.71%
• 6M: -61.82%
• 1Y: -78.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TXXD vs. BTCL - Yearly Performance Comparison

	2026 (YTD)	2025
TXXD 21Shares 2x Long Dogecoin ETF	-73.66%	-53.35%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-61.71%	-9.37%

Correlation

The correlation between TXXD and BTCL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.81

Return for Risk

TXXD vs. BTCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TXXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BTCL

BTCL Risk / Return Rank: 1
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 1
BTCL Calmar Ratio Rank: 1
BTCL Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TXXD vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Dogecoin ETF (TXXD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TXXD	BTCL	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.89	—
Sortino ratio: Return per unit of downside risk	—	-1.71	—
Omega ratio: Gain probability vs. loss probability	—	0.81	—
Calmar ratio: Return relative to maximum drawdown	—	-0.94	—
Martin ratio: Return relative to average drawdown	—	-1.45	—

Drawdowns

TXXD vs. BTCL - Drawdown Comparison

The maximum TXXD drawdown since its inception was -87.71%, which is greater than BTCL's maximum drawdown of -83.35%. Use the drawdown chart below to compare losses from any high point for TXXD and BTCL.

Drawdown Indicators

	TXXD	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-87.71%	-83.35%	-4.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.35%	—
Current Drawdown Current decline from peak	-87.71%	-83.35%	-4.36%
Average Drawdown Average peak-to-trough decline	-62.69%	-35.44%	-27.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.97%	—

Volatility

Volatility by Period

	TXXD	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	70.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	149.36%	88.73%	+60.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.36%	97.81%	+51.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.36%	97.81%	+51.55%

TXXD vs. BTCL - Expense Ratio Comparison

TXXD has a 1.89% expense ratio, which is higher than BTCL's 0.95% expense ratio.

Dividends

TXXD vs. BTCL - Dividend Comparison

TXXD's dividend yield for the trailing twelve months is around 0.10%, less than BTCL's 4.43% yield.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	4.43%	1.70%	4.35%
TXXD 21Shares 2x Long Dogecoin ETF	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXXD and BTCL in my portfolio?

TXXD and BTCL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TXXD or BTCL?

On fees, BTCL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TXXD or BTCL?

BTCL is cheaper with a 0.95% expense ratio, compared with 1.89% for TXXD.

Which ETF pays a higher dividend yield, TXXD or BTCL?

BTCL has the higher dividend yield at 4.43%, compared with 0.10% for TXXD.

What is the main difference between TXXD and BTCL?

They also come from different issuers: 21Shares and REX. Their fees differ too: 1.89% for TXXD and 0.95% for BTCL.